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Mortgage rates increased at their fastest pace in over 50 years in 2022, topping 7% earlier this month and far surpassing many housing analysts' earlier prediction of reaching 4% by the year end.
Expect 2022 To Close With Rates in the Low 8s to High 9s. With mortgage rates around 7% now, the smart money says further Fed action will force them up by at least one percentage point by year’s ...
Forecast for mortgage rates and types. Lawrence Yun, NAR’s chief economist, says mortgage interest rates have likely crested, at least for the rest of 2024. ... According to a 2022 study from ...
The NAR also projected 4.5 million existing home sales in 2025 and forecast house prices increasing by about 2%. ... year fixed-rate mortgage will average around 6.0% next year and help to boost ...
Mortgage rates tend to trail the 10-year Treasury yield, which he suspects will hover around 4% to 4.50%; that generally puts mortgage rates at that 5.5% to 6% he’s expecting.
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